Yen, EUR, GBP, CHF are all soaring against the hapless US dollar.
Gold too, I shouldn’t leave it out.
As I said earlier, there are no fresh catalysts apart from what has already been posted.
Also as I said earlier:
- Markets are now incorporating the risk to Fed independence into their tariff worries.
The US dollar index, DXY, traded under 100 for the first time since July 2023.
This article was written by Eamonn Sheridan at www.forexlive.com.